HDB issues $680m fixed rate notes

They will expire on 21 November 2024.

The Housing and Development Board (HDB) issued seven-year fixed rate notes worth $680m for its $32b multicurrency medium term note programme.

According to a press release, the notes have a coupon of 2.25% per annum payable semi-annually in arrear.

They will mature on 21 November 2024.

The notes are used to finance HDB's development programmes and working capital requirements as well as to refinance debt payments.

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